The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-20
AFFAIRS OF THE RAILWAYS.


81. W. Hubbard, general freight agent of the
Nandala, is in the city, en- route home from the
East
The L.. N. A. g. @. people have again got their
tracks in northern Indiana clear of snow, and
trains will run to-day with their usual prompt
ness.
The Pennsylvania Company, in entering into
any contract to carry business at special rates,
now stamp across the contract this agreement
is subject to national legislation"
1t is stated that the Evansville & Terre Haute
tailroad Company is about to absorb the Peoria,
Decatur & Evansville on the basis of two shares
OF the r, ID. 81 r. for one of the former.
General managers of the fast-freight lines and
clerks as we'll, are climbing up on to the anxious
seat fearing that the passage of the interstate
commerce bill will be the death knell to fast
freight lines.
Samuel Stevenson, arbitrator of the passenger
department of the Central Traffic Association.
yesterday received his last argument on the per-
centage question and now has seven days to
make mis- award of percentages.
A. NJ Warrell has been appointed city passen-
ger and ticket agent, at Chicago, Of the Chicago
% Atlantic railroad, vice F. e. Mcdonald. pro-
NOTED to the Office of general passenger agent.
vice S. W. Snow. resigned, TO take the similar
position with the Wabash railway.
One of the LeGrande safety crossing signals.
such as is doing such good work at the crossing
y 4. =,
put in At Cincinnati by the c.. Ell. & D. people,
at the point that their main tracks strike their
yards, where the system of switches is very COM
plcated
Tickets to the icepalace carnival at ST Paul
are now on sale at several of the outside ticket
offices at 800 50 for the round trip. including ad-
mission to the grounds. The c., b. & O. people
have spared no pains or expense to make the
fortnight of festivities as complete and interest
Ing as possbl
lash are in more of mudde, it is stated. than
ever. That as valuable property as this which
has an earning capacity of $4,000, 900 per an
mum should be SO wrecked is disgrace the
syndicate that has handled the finances of the
road for the last eight years.
There is q big fight before the Legislature of
Wisconsin, In which two rich and powerful lum-
Der companies of that State interested. The
bill will give one of them the right to dam the
Wisconsin river. The c., M. & St. P. Railroad
Company is backing one of the contestants, and
the fight is expectea to become historic.
A good deal of money has beer made in EGG
land and continental Europe upon American Sc
curites within the past three years. The profits
OF railroad reorganzations have been freely en-
Aoyed by foreign investors, and the eresult has
been satisfactory that there be little doubt
Of renewed foreign buying of American stocks
and bonds in the near future.
John Martin has decided to close the c., l., St
l. q G. ticket Office on the isolated corner of
1t costs SO cents the dollar to sell the tickets
Forty cents the dollar is about the average
cost OF selln tickets at the outside Offices when
business is good. What it is now when travel is
so light would require expert figuring.
General freight agents of Indianapolis lines
have been notified by Lucius Smith assistant
general freight agent Of the West Shore road,
that on freight received from connecting lines
and destined for New York city, which requires
lighterage. a deduction of 3 cents per 100 hounds
Ee m hofo
rating, and added to the West Shore proportion.
Said of the Decline officials 1--WE are
not worrying ourselves over the interstate COM
merce bill; neither need the Pennsylvania peo-
pie worry about the matter, as both systems are
now practically operating under the leading
features of the bil-certainly the long and
ehor,-haul clause. Our rates." said he, s'are
graduated exactly as that provision OF the bill re-
quires.'
Stock of the c., L, St L: 6 G., yesterday.
probably, before the close of the present MONTH
60 to par. No one seems anxious to unload this
stock over the interstate-commerce bill scare,
Notwithstanding the enemies Of the bill say that
Its passage and enforcement will bankrupt such
roads as the @, l., st. L. & c., the C., Fl. & ID.
and the l., B. & w.
The weighing of all platform freights which it
was proposed to inauRurate on the 1st of Jauu-
ery, still hangs fire. the Indianapolis, Peru &
Chicago refusing to carry out the programme.
The trouble seems to be that no one ia author
ized to act for the l., P. & c. in the matter. All
freights shipped from Cincinnati freight depots
are now weighed. and the companies are reaping
much benefit from SO doing.
In the year 1886. only thirteen roads embrace
ing 800 miles and $3l,0 00, 900 capital and $780,
poo. 900 bonds, have been placed in receivers
hands. This insures small amount of sales in
1888. but in the meantime 1887 has large erist
of foreclosures to go through the MILL Receiver
ships are biennial flower, requiring about two
years to ripen the seed Of bankrupt conditions
70 readiness for foreclosure.
The management Of the American Express
Company pressing D. z. Folsom to accept
the agency of this company at st. Louis. Should
he do so 1t is understood that H. H. Lancaster,
agent of the American at Lafayette, will be
transferred to Indianapolis. The latter as we'll
ts Mr.. Folsom, is very capable man and would
soon make himself popular with the patrons of
the company at this important Office
The inventor of what is known as the Brown
telfcar-coupler has got up improved self
coupler which. it is said. has all the good feat
nres OF the Janney coupler, and as we'll makes
u a perfect link and pin coupler. working with
ANY device similar in character. A number of
Louisville men have taken interest in the
coupler, Col. Horace Scott being of the number,
and they propose to push it to the front
A railroad official of an Indianapolis road
boasts that he wrote letter to one of the United
States Senators urging him to vote for the inter-
state commerce bill. and asking him to urge both
the Senators and Representatives to vote for it,
The officials anxiety in that direction would have
more weight were he not manipulating every
wire he can command to secure the appointment
Of himself as of the FIVE national commits
sioners.
Neither the Vandala nor the Wabash will sub
nit to the awards of the arbitrator of the live
stock Or lightweight pools out of St Louis SO
partial they to Chicago 81 Alton. The Wa
bash is in good shape to resist such an unjust
award being in the hands of a receiver When
any of the ST. Louis roads pay over money to
Chicago road 20 even up per cents in an east
bound pool, probably the general freight agen,
Of the q. 81 A. will be more grey headed than q,
present
w. c. Irwin, chief engineer of the Bee-line
pysten, has been spending two three days in
going over the system and ascertaining what i'm